Oxford Grove, Ilfracombe, North... 2 bed apartment for sale

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Oxford Grove, Ilfracombe, North... 2 bed apartment for sale

Oxford Grove, Ilfracombe, North Devon, EX34
£110,000

Our Summary

  • This property is being sold as an investment opportunity by the vendors with the current tenant being kept in situ

Description

This 2-bedroom flat is being sold as an investment opportunity with a current tenant looking to be kept in situ, offering a gross yield of 7.6% per annum. The property is located on the first floor and features double glazing, gas heating, and great coastal views from the living room. The current rent is £700 per month, and the lease has approximately 983 years remaining with no restrictions on long-term letting, holiday rentals, or pets. The property is situated in Ilfracombe, a charming town with a variety of independent shops, supermarkets, and amenities, including a picturesque seafront and harbour area. The surrounding area offers stunning golden sand beaches and Exmoor National Park, with Barnstaple, the main trading centre, approximately 12 miles away. With all main services connected, including broadband and mobile coverage, this property presents a great opportunity for investors looking to generate a steady income.